BTC likely short / medium term patter
Ciao Traders !
we broke the 65% Fib, so I'll assume will make a correction and then push down towards the 0,786 or the 0,883 Fib
in both cases: if the movement from 3,1k to 13,8k was either a wave A of an ABC or either a wave 1 of a new trend, the actual down trend is too short (time wise) to correct the previous up move, therefore I give more probabilty to the fact that we have another push down
Happy trading to all !
Disclaimer:
This is not financial or investment advice
I am not a professional in the financial or investment fields
This analysis is just for entertainment purposes
Do not follow what I do or do it at your own risk
we broke the 65% Fib, so I'll assume will make a correction and then push down towards the 0,786 or the 0,883 Fib
in both cases: if the movement from 3,1k to 13,8k was either a wave A of an ABC or either a wave 1 of a new trend, the actual down trend is too short (time wise) to correct the previous up move, therefore I give more probabilty to the fact that we have another push down
Happy trading to all !
Disclaimer:
This is not financial or investment advice
I am not a professional in the financial or investment fields
This analysis is just for entertainment purposes
Do not follow what I do or do it at your own risk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.